A Look Into Union Budget of India 2008-2009
February 29, 2008 by Arun Pal Singh · 2 Comments
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Finance minister P Chidambaram presented union budget 2008-2009 today. Here the main highlights of the budget
Total Expenditure
- Total plan spending in 2008/09 - 2.4 trillion rupees ($60.3 billion).
- Non-plan spending seen at 5.07 trillion rupees.
Farmer Loan Waived
Government to waive debts of small farmers. The total cost of the farm debt waiver scheme will be 600 billion rupees.
Fiscal Deficit
- Fiscal deficit in 2008/09 seen at 2.5 percent of GDP compared to 3.1 percent of GDP in the previous year.
- Revenue deficit seen at 1 percent of GDP in 2008/09 compared to 1.4 percent of GDP the previous year.
Expected Growth
Government confident of GDP growth of 8.8 percent in 2007/08. Read more
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Tags: budget India, economical reforms, economyof India, GDP, taxes, union budget India
No New Taxes in 5200 crore Budget of Municipal Corporation of Delhi
February 12, 2008 by Arun Pal Singh · Leave a Comment
The Municipal Corporation of Delhi’s budget for 2008-09 was passed on Monday, amid loud protest by opposition members. The budget is for a whopping Rs. 5,200 crore and does not carry any new taxes,
MCD plans to earn Rs. 300 crore from civic centers and Rs. 100 crore from car parking sites charges, among other heads.
The highlight of the budget is creation of a ‘Special Project Fund Escrow Account’ for about Rs 503 crore, envisaging a dedicated fund for development works.
Read more
Popularity: 13% [?]
Tags: budget, delhi mcd budget, funds, taxes